Dividends
The key objective of the Company’s dividend policy is to provide increasing shareholder returns and ensure further growth of the Company’s capitalisation. The dividend policy is also focused on striking the right balance between retained earnings and shareholder
Company’s website.
The core principles underpinning Magnit’s dividend policy are as follows:
- Transparency: identifying and disclosing information about the duties and responsibilities of the parties involved in carrying out the dividend policy, including the procedure and conditions for deciding on the payment and amount of dividends.
- Timeliness: establishing time limits for dividend payments.
- Justifiability: the decision on the payment and the amount of dividends may only be made if the Company achieves a positive financial result taking into account its development plans and investment programmes.
- Fairness: equal rights for shareholders in acquiring information about the decisions on payment, size and procedures for payment of dividends.
- Consistency: strict implementation of the procedures and principles of the dividend policy.
- Progression: continuous improvement of the dividend policy in line with the evolution of the Company’s strategic goals.
- Sustainability: commitment to ensuring a stable level of dividend payments.